Moelis Australia Commits to Aged Care Sector with $53 million Acquisition


ASX-listed Moelis Australia has further committed to Australia's $18 billion health care sector, acquiring a 9.96 per cent interest in listed aged care operator Japara Healthcare Limited.

Japara has a market capitalisation of approximately $490 million, with 3800 operational beds and a development pipeline of an additional 1100 new beds.

The advisory and funds management firm 9.96 per cent interest represents a $53 million move into the sector.

The Japara investment follows Moelis Australia's September acquisition of a 70 per cent interest in aged care operator and developer Infinite Care.

At the time of announcement Moelis Australia committed to invest up to $45.4 million into the fund that acquired Infinite Care, but has since increased the size of the Infinite Fund’s capital raising to $70 million.

As a consequence of the Infinite Care initiative a fund managed by Moelis Australia has secured a controlling interest in aged care operating and development assets with an expected fully-developed end value in excess of $450 million.

Moelis Australia's assets under management now stand at approximately $2.7 billion, $200 million higher than that advised at the last market update on 4 September 2017.

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